BTCUSD Hello
Based on last 3 bull cycles and bear cycles, I did some calculations and this pattern is the result of it.
Take it with a pinch of salt, this might not even be close, but just past data gives me this fractal.
Here are the peak Bitcoin (BTC) prices for the years you mentioned:
2013: $1,156
2017: $19,497
2021: $67,566
We can now treat these as the values of the quadratic function:
a=1156 (for year 2013)
b=19497 (for year 2017)
c=67566 (for year 2021)
However, to apply the formula:
Price(x) = a⋅x2 + b⋅x + c
Using a quadratic fit to the BTC peak prices in 2013, 2017, and 2021, we get the following estimated prices:
2017: $19,497 (matches actual)
2021: $67,566 (matches actual)
2025: $145,363
Above is the AI calculation, I think it is about right.
Happy trading
Cheers
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.